Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75 million. It had $2.03 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. $
Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75 million. It had $2.03 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75 million. It had $2.03 million of interest expense, and its corporate tax rate was
30%. What was its charge for depreciation and amortization? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.
$
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